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Morris County National Bank

Naples, TX · Cert 3358

FDIC · 2 branches

Q4 2020

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2020, the quarter ended December 31, 2020, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Morris County National Bank

Naples, TX · Cert 3358

FDIC · 2 branches

Q4 2020

$89.3MAssets
$52.9MLoans
$78.6MDeposits
$10.6MEquity
Loan mix
67%RE $29.6M19%C&I $8.4M13%Consumer $5.9MQ4 2019Q4 2020
Deposit mix
78%Interest-bearing $61.5M22%Noninterest $17.0MQ4 2019Q4 2020

NIM

4.49%Q4 ’185.04%Q4 ’194.05%Q4 ’20+7%-16%

Non-interest income vs. expense

3.52%Q4 ’183.90%Q4 ’193.59%Q4 ’20+3%-24%

Executive Summary

  • Earnings: ROA of 0.82%, up 39 bps year over year; NIM at 3.34%.
  • Asset quality: problem loans at 5.63% of loans (+288 bps YoY), with net charge-offs at 0.09%.
  • Capital: tier 1 leverage ratio of 12.27%, up 131 bps from a year ago.
  • Funding: loans stand at 67.35% of deposits as of Q4 2020.

Financial Results

Return on Assets (YTD, annualized)

0.82%+39 bps YoY

Net Interest Margin (YTD, annualized)

3.34%-63 bps YoY

Efficiency Ratio (YTD, annualized)

76.54%-252 bps YoY

Tier 1 Leverage Ratio

12.27%+131 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2019Q1 2020Q2 2020Q3 2020Q4 2020YoY ΔTrend
Earnings
Return on Assets0.44%1.73%1.30%1.05%0.82%+39 bps
Return on Equity4.38%16.13%12.04%9.62%7.40%+302 bps
Net Interest Margin3.97%3.83%3.70%3.36%3.34%-63 bps
Efficiency Ratio79.06%61.07%68.45%71.14%76.54%-252 bps
Non-Interest Burden2.94%1.25%2.06%2.06%2.24%-70 bps
Growth
Asset Growth (YoY)-5.92%-6.52%4.95%5.39%-0.65%+527 bps
Loan Growth (YoY)-4.66%-8.57%-4.35%-5.24%-7.56%-289 bps
Deposit Growth (YoY)-3.00%-2.16%16.81%14.89%7.66%+1,066 bps
Asset Quality
Nonperforming Loans / Loans2.75%3.76%3.70%4.38%5.63%+288 bps
Net Charge-Offs / Loans0.72%0.09%0.11%0.09%0.09%-63 bps
Allowance / Loans1.84%2.21%2.08%2.20%2.28%+45 bps
Allowance Coverage of NPLs0.7x0.6x0.6x0.5x0.4x-0.3x
Capital
Tier 1 Leverage Ratio10.96%11.20%10.60%10.46%12.27%+131 bps
Total Risk-Based Capital16.47%17.49%16.52%17.38%19.70%+323 bps
Equity / Assets10.87%10.61%11.02%11.21%11.89%+102 bps
Liquidity & Funding
Loans / Deposits78.44%74.10%68.02%66.23%67.35%-1,108 bps
Liquid Assets / Assets0.03%0.02%0.05%0.44%0.03%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a